This paper develops chicken feather protein-based wood preservatives (CFP-WP). The treatability, leachability and chemical structure of the CFP-WP were analyzed. The crystallinity, thermal properties, micromorphology and decay resistance against fungi of the treated wood samples were investigated to examine their efficacy. The production cost of CFP-WP was also assessed. The results showed that CFP-WP (Cu, B and small molecular amino acids) was able to penetrate into wood cell walls and the active ingredients of preservatives interacted with wood constituents were well fixed onto wood blocks, evidenced by SEM–EDS observation, NMR, FTIR, XRD and TGA/DTG analysis. The morphology analysis elucidated that CFP-WP effectively protected wood against decay fungi. Decay experiments verified that the new preservative prolonged the wood service life, reducing the mass loss up to 10.88% from 51.02% compared to the untreated wood. Further, the production cost of CFP-WP (approx. 130–140 €/tonne) is nearly 30% lower than the commercial price of conventional market preservatives, such as ACQ (approx. 210 €/tonne). The excellent functionalities of this CFP-WP eco-friendly formulation present a great potential to be used as an environmentally benign wood preservative.